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The UBank UHomeLoan offers a low variable interest rate, a application fee and no ongoing maintenance fees. However, if you would prefer the certainty of a fixed rate home loan UBank offers the UBank UHomeLoan Fixed Rate.
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Review by
Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money.
The UBank UHomeLoan allows you to refinance your current loan or purchase a new home, but it is not available for construction or business purposes. This loan is available as a full documentation loan only.
There are no ongoing, annual or applications fees charged with the UBank UHomeLoan (Variable Rate).
If you believe the UBank UHomeLoan (Variable Rate) sounds right for you, click on the 'Go to site' button and you'll be redirected to the UBank website where you can leave your details and get in touch with a UBank mortgage expert.
The application process consists of several stages; the application, approval, verification, valuation, assessment, approval and settlement.
During the application process, you'll be asked to offer information about your income, assets, liabilities and expenses.
The UBank UHomeLoan offers pre-approval for new purchases only. UBank calls this 'Approval in Principle' and it lasts for 60 days.
Approval in principle takes 3-5 days to receive, and you can apply for this by clicking the green 'Go to site' button on this page and starting an application with UBank.
The paperwork required for the application will depend on whether you're purchasing a property or refinancing an existing loan. However, when you apply for the UBank UHomeLoan (Variable Rate) , you'll generally need to provide:
Once you've completed your application, you can download the documents checklist from your application tracker.